When would slicing and dicing be an appropriate OLAP tool? Give an example.

Q: How much is the Total Processing time needed using machine A?

A: Processing time is the time taken by a machinery to process a product or a service as per the…

Q: Explain the implementation issues of the cost estimation methods

A: Cost estimation is the process of determining the probable cost of a product before starting the…

Q: How does standard costing improves the control function? Comment with examples.

A: A standard costing framework is an accounting instrument utilized for assessing required creation…

Q: Define data processing and what are its representative cost driver?

A: Data processing:Data processing generally converts raw data into a desired and used format that can…

Q: The question is 'Rank the presses from best to worst using PI.'

A: Profitability Index(PI) refers to one of the capital budgeting techniques . It is also called the…

Q: Classify the following cost drivers as structural, executional, or operational.

A: Classification of cost derives: Classification 0f the given cost drivers as structural, executional,…

Q: When is slicing and dicing a suitable OLAP tool? Give an example.

A: Here Is The Answer

Q: Cost management information should be timely and accurate. Which of these attributes is…

A:

Q: Advise whether the machine should be sold

A: Book Value of Machine= Rs 1,10,000 Current Market Valur of Machine= Rs 80,000 Expected Salvage value…

Q: Why do engineers need cost data?

A: The question is based on the concept of cost in engineering projects.

Q: How efficient is an High-low method technique?

A: Using high low method, different types of costs can be separated.

Q: Explain the role of value engineering in target costing.

A: Value engineering’s main motive is to reduce the cost and to provide good quality products that will…

Q: Discuss the advantages and disadvantages of using pictographs

A: It is better for finding the weight.. It can be presented diagrammatically in a simple way... All…

Q: Which type of cost center has a planning focus, and which type has an evaluation focus?

A: Cost Center: It is a department within an organization to which costs can be assigned.

Q: What is simple costing system?

A: A costing system is used to monitor costs of the business. System is made up of sets, forms,…

Q: What are roll-forward procedures? Provide some examples

A: Roll-Forward Procedure: Auditors perform procedure to draw out the conclusion from an interim date…

Q: Define workout

A: Introduction: A workout may be part of bankruptcy process. Bankruptcy is a condition where the…

Q: What are the two classes of design input views?

A:

Q: What does the word "overhead application rate" mean?

A: Overhead is a term that refers to a continuous   The term "overhead application rate" refers to the…

Q: What is meant by (a) vouching, (b) tracing, and (c) scanning? What is the difference betweenvouching…

A: Vouching: Vouching is a method by which an auditor traces the transactions to its origin. The…

Q: How we can improve control function using standard costing

A: Standard costing is the process of reporting or showing differences between actual costs incurred…

Q: How can the work-in-process concept be viewed?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Describe the effects of using direct and indirect material.

A: Direct materials are required directly in the production process like wood required to make…

Q: How may batch processing be used to improve operational efficiency?

A: Batch Processing: Batch processing refers to as a process involving multiple transactions which are…

Q: What are favorable direct materials? Give an example?

A:

Q: Distinguish between computer-aided design and computer-aided manufacturing.

A: Computer-Aided Design: Computer-aided design software brought the revolution in processing through…

Q: How can spooling present an added exposure?

A:

Q: How do you find full absorption cost

A: Absorption costing refers to the method of managerial accounting in order to capture all the costs…

Q: What are the essential factors for installing a cost accounting system? Explain

A: A cost accounting system is a system of…

Q: What are two approaches to conceptual systems design?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: Define conversion costs with an example?

A: Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other…

Q: How much fabric is required?

A: Total Fabric required= Fabric required for one unit * No of units

Q: Why do we require product, task order, and process cost data?

A: The Answer :

Q: How does automation help achieve manufacturing flexibility?

A:

Q: ntained in a product structure diagram?

A: Given: To analyse the information being present in the product structured information as follows,

Q: Describe the term target costing.

A: Target costing: Target costing is a business procedure that targets at the earliest stages of new…

Q: What are the functions of packaging?

A: The Packaging refers to every one of those exercises identified with planning, assessing and…

Q: Search about how technique is efficient Engineered estimate of cost to estimate cost.

A: technique is efficient Engineered estimate of cost to estimate cost.

Q: Which machine should be purchased? should be purchased.

A: Profitability Index: It is a measure of an investment's or project's attractiveness used in capital…

Q: Define direct material costs with an example?

A: Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other…

Q: Required: Briefly discuss the types of hard peg

A: Hard Peg helps in establishing the fixed exchange rate, which are actually between the one nation's…

Q: What is an activity-based approach to designing a costing system?

A: Activity based costing is one of the methods of costing to identify the activities performed to…